[Form 4] FutureFuel Corp. Insider Trading Activity

Rhea-AI Filing Summary

FutureFuel Corp. (FF) reported that director and 10% owner P.A. Novelly II received an annual equity award of 5,000 shares of common stock on 11/18/2025. These restricted shares were granted under the FutureFuel Corp. 2017 Omnibus Incentive Plan and will vest in four equal installments beginning March 31, 2026 and ending on the first anniversary of the grant date.

Following this grant, Novelly holds 10,000 shares of common stock directly and 17,460,100 shares indirectly. The indirect holdings include 17,085,100 shares held by St. Albans Global Management, LLC and 375,000 shares held by Apex Holding Co., over which Novelly has voting and investment power through his management and executive roles.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Novelly Paul Anthony II

(Last) (First) (Middle)

C/O ST. ALBANS GLOBAL MANAGEMENT

8235 FORSYTH BOULEVARD, SUITE 900

(Street)

CLAYTON MO 63105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FutureFuel Corp. [ FF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	11/18/2025		A		5,000	A	$0	10,000	D
Common Stock								17,460,100	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Restricted Shares were granted as an annual stock award to the Issuer's members of the Board of Directors pursuant to the FutureFuel Corp. 2017 Omnibus Incentive Plan (the "Plan"), subject to the terms and conditions of the Plan and the applicable award agreement. The Restricted Shares vest in four equal installments beginning March 31, 2026 and ending on the first anniversary of the grant date.

2. Includes 17,085,100 shares of common stock held by St. Albans Global Management, LLC and 375,000 shares of common stock held by Apex Holding Co. Mr. Novelly II is the sole manager of SAGM Holdings, LLC, which is the manager of St. Albans Global Management, LLC, and the chief executive officer of Apex Holding Co. and thereby has voting and investment power over such shares and may be deemed to share beneficial ownership.

	/s/ P.A. Novelly II	11/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did FutureFuel Corp. (FF) report for P.A. Novelly II?

FutureFuel Corp. reported that P.A. Novelly II, a director and 10% owner, was granted 5,000 restricted shares of common stock on 11/18/2025 as an annual stock award.

How do the newly granted FutureFuel (FF) restricted shares vest?

The 5,000 restricted shares vest in four equal installments, starting on March 31, 2026 and ending on the first anniversary of the 11/18/2025 grant date.

Under which plan were the new FutureFuel (FF) shares granted?

The restricted shares were granted under the FutureFuel Corp. 2017 Omnibus Incentive Plan, subject to the terms of that plan and the related award agreement.

How many FutureFuel (FF) shares does P.A. Novelly II own directly after this transaction?

After the reported transaction, P.A. Novelly II directly owns 10,000 shares of FutureFuel common stock, reported as direct ownership.

What is the size of P.A. Novelly II’s indirect ownership in FutureFuel (FF)?

He indirectly beneficially owns 17,460,100 shares of FutureFuel common stock, including 17,085,100 shares held by St. Albans Global Management, LLC and 375,000 shares held by Apex Holding Co.

Why is P.A. Novelly II considered a 10% owner of FutureFuel (FF)?

He is reported as a 10% owner because, in addition to his direct holdings, he has voting and investment power over shares held by St. Albans Global Management, LLC and Apex Holding Co., leading to substantial beneficial ownership.